PRINCIPAL FINANCIAL OFFICER CERTIFICATION

         I, Luis Felipe Pedreira Dutra Leite, Chief Financial Officer of
Companhia De Bebidas Das Americas - AmBev, certify that:

         1. I have reviewed this Amendment No. 2 to the annual report on Form
20-F of Companhia De Bebidas Das Americas--AmBev (the "Registrant");

         2. Based on my knowledge, this annual report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this annual report;

         3. Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly present in all
material respects the financial condition, results of operations and cash
flows of the Registrant as of, and for, the periods presented in this annual
report;

         4. The Registrant's other certifying officers and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Registrant and
have:

              a.  Designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  our supervision, to ensure that material information
                  relating to the Registrant, including its consolidated
                  subsidiaries, is made known to us by others within those
                  entities, particularly during the period in which this
                  annual report is being prepared;

              b.  Evaluated the effectiveness of the Registrant's disclosure
                  controls and procedures and presented in this report our
                  conclusions about the effectiveness of the disclosure
                  controls and procedures, as of the end of the period covered
                  by this report based on such evaluation; and

              c.  Disclosed in this report any change in the company's
                  internal control over financial reporting that occurred
                  during the period covered by the annual report that has
                  materially affected, or is reasonably likely to materially
                  affect, the company's internal control over financial
                  reporting; and

5. The Registrant's other certifying officers and I have disclosed, based on
our most recent evaluation of internal control over financial reporting, to
the Registrant's auditors and the audit committee of Registrant's board of
directors (or persons performing the equivalent function):

              a.  All significant deficiencies and material weaknesses in the
                  design or operation of internal control over financial
                  reporting which are reasonably likely to adversely affect
                  the Registrant's ability to record, process, summarize and
                  report financial data; and

              b.  Any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  Registrant's internal control over financial reporting.



Date:  June 27, 2004
                                            /s/Luis Felipe Pedreira Dutra Leite
                                            -----------------------------------
                                            Luis Felipe Pedreira Dutra Leite
                                            Chief Financial Officer